Early this morning, the Asian market exploded - Bitcoin and Ethereum soared, directly pushing the total cryptocurrency market value to a historic high: $4.14 trillion!

This is higher than the peak on July 23, and since the beginning of this year, it has risen by 22%, equivalent to $750 billion of new money pouring into the crypto market. It's worth noting that this figure is almost catching up to the $820 billion of the entire market during the 2022 bear market collapse.

However, don't forget, there's a 'behemoth' - Nvidia, with a market value of $4.45 trillion, still weighing down the entire crypto circle.

Analyst Cyclop also bluntly stated:

"This is the most difficult market to judge that I've ever seen; although it has reached new highs, no one dares to say what will happen next."

Ethereum has become the main character.

In this wave of growth, ETH surged the most, reaching $4,332 directly this morning, setting a new high since December 2021.

  • It has risen 46% in the past month, a trend not seen in three and a half years.

  • Institutional ETPs and corporate bonds are being aggressively accumulated.

  • In four months, 3 million ETH (approximately $13 billion) has been absorbed.

As a result, Ethereum's market value skyrocketed to $522 billion, surpassing Mastercard and Netflix in one go.

Bitcoin is also not willing to be outdone.

BTC rose 3.3% in the morning, breaking through $122,000, just $1,000 away from the historical high. The drop earlier this month has been fully recovered, and it looks like it is about to enter a new round of 'price discovery mode.'

Altcoins: temporarily unable to keep up with the rhythm.

Although #BTC and #ETH performed brilliantly, most altcoins are still treading water:

  • XRP, BNB, and SOL basically had no fluctuations.

  • Hyperliquid (HYPE) +5.6%, 7% away from its historical high.

  • Ethena (ENA) +11% performed brilliantly.

  • Most other altcoins are flat.

However, analysts remind us: Bitcoin's market dominance has fallen 10% from its peak, and the altcoin season may be on the way.

In summary:

This market movement is like a 'dual-hero marathon' - Bitcoin and Ethereum are leading, while altcoins are still warming up. If funds continue to flow in, it might really be the turn of the little brothers to make their move next.